Spain: Hexamethylenediamine And Ethylenediamine Market 2024

Hexamethylenediamine And Ethylenediamine Market Size in Spain

The Spanish hexamethylenediamine and ethylenediamine market dropped rapidly to $X in 2021, falling by -15.3% against the previous year. In general, consumption showed a mild downturn. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Hexamethylenediamine And Ethylenediamine Production in Spain

In value terms, hexamethylenediamine and ethylenediamine production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The growth pace was the most rapid in 2020 with an increase of 73%. Hexamethylenediamine and ethylenediamine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hexamethylenediamine And Ethylenediamine Exports

Exports from Spain

Hexamethylenediamine and ethylenediamine exports from Spain contracted dramatically to X tons in 2021, with a decrease of -54.5% on the previous year's figure. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 641%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hexamethylenediamine and ethylenediamine exports fell markedly to $X in 2021. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 264% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Portugal (X tons) and France (X tons) were the main destinations of hexamethylenediamine and ethylenediamine exports from Spain, together accounting for 59% of total exports. These countries were followed by Chile, Tunisia, Moldova, Russia, Switzerland, Ghana, Hungary, Cuba and China, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +190.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for hexamethylenediamine and ethylenediamine exported from Spain were Portugal ($X), Chile ($X) and Tunisia ($X), together accounting for 41% of total exports.

Among the main countries of destination, Tunisia, with a CAGR of +181.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hexamethylenediamine and ethylenediamine export price amounted to $X per ton, with an increase of 69% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 136% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Hexamethylenediamine And Ethylenediamine Imports

Imports into Spain

In 2021, overseas purchases of hexamethylenediamine and its salts, ethylenediamine and its salts were finally on the rise to reach X tons after three years of decline. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hexamethylenediamine and ethylenediamine imports soared to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) was the main hexamethylenediamine and ethylenediamine supplier to Spain, accounting for a 92% share of total imports. It was followed by the Netherlands (X tons), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from France totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.2% per year) and Belgium (+53.7% per year).

In value terms, France ($X) constituted the largest supplier of hexamethylenediamine and its salts, ethylenediamine and its salts to Spain, comprising 92% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.2% per year) and Belgium (+51.1% per year).

Import Prices by Country

The average hexamethylenediamine and ethylenediamine import price stood at $X per ton in 2021, increasing by 33% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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